Customers of Consolidated Hallmark Insurance Plc had several reasons to be happy with the foremost underwriter during the Nine Months ended 30th September 2016, as N1.296billion was expended on payment of claims to them during the period.
The amount paid out represents a 43% increase over the N902,208,592 paid out by the company during the corresponding financial period of 2015, a trend in line with the prompt claims settlement disposition of Consolidated Hallmark Insurance.
The Managing Director of the company, who is also the current chairman of the Nigerian Insurers Association, Mr. Eddie Efekoha has continually assured the numerous and rapidly growing clientele of Consolidated Hallmark of the very best in Customer Service delivery, culminating in prompt claims settlement.
A further glimpse at the results show a modest rise in Net underwriting income from N2.558billion in 2015 to N3.02billion as at close of business on 30th September, 2016.
The 18% increase (after provisions for reinsurance expenses and commissions/fees) is attributable to astute management by the firm, in spite of the prevailing economic situation in the country which has seen premium rates remaining stagnant or reducing while inflation spirals to double digit figures.
Consolidated Hallmark achieved a Gross Premium Income rise of N4.88bn when compared with the N4.65 recorded during the nine months period of 2015.